If you're looking at Florida homes for the first time, you're probably wondering what the heck a CDD fee is. How is it different from an HOA? CDD stands for "Community Development District." It's main purpose is to plan, finance, construct, and operate community-wide infrastructure and amenities for residents to enjoy.
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The neighborhood developer takes out a bond to get access to the money to create all of this infrastructure - the bond is paid back by residents over periods typically 20, 25, or 30 years.

How do residents pay the CDD fee?
The yearly cost of the CDD fee is part of your non-ad valorem property taxes. Combined with your ad valorem taxes, this creates your total tax bill for the year.

How much is a typical CDD?
The amount varies widely from neighborhood to neighborhood, but I've noticed that most of the new, large, master-planned communities here in the Tampa Bay area have CDDs around $2,000 per year.

How is a CDD different from the HOA?
The CDD and HOA (Homeowners Association) are different entities within a community that work together, but have different responsibilities. Many of the maintenance costs in a community are handled by the CDD, whereas the HOA creates and enforces deed restrictions as well as operate the amenities.

What happens when the bond is paid off? Does the CDD go away?
Westchase is a great example of a neighborhood that has certain villages with paid off CDD bonds. The homes in Westchase over 20 years old are now only paying the maintenance cost portion of the CDD, which will never go away. But once that bond is paid off, homeowners do get a significant cost break. I looked up a house in The Fords. In 2017, the CDD bill was $1,095.55. After the bond was paid off, the 2018 CDD bill was $486.20.

Why spend money to live in a CDD community?
There are lots of Tampa Bay area neighborhoods without CDDs, but they tend to be smaller communities with fewer amenities. If you don't think you will use amenities like a swimming pool, tennis courts, or fitness center, you might want to look at non-CDD communities. Typically, those will have higher HOA fees, because the HOA is now responsible for all of the maintenance costs.

This is part of my new Frequently Asked Questions (FAQ) series here on the channel - feel free to drop any questions you have in the comments.

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Melanie is a Tampa Bay area Realtor with Smith & Associates. She loves Tampa Bay area area, houses, and helping clients buy and sell real estate.

Email: matkinson@smithandassociates.com
Call/text me if you are looking to buy / sell a home in the Tampa Bay area! 813.368.6084

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